Cambridge

Evaluate the Workforce

Cambridge

Evaluate the Workforce

How it's done

Great businesses have great employees, and today, employing the best people is more essential than ever. Every labor market is unique and your ability to hire good people will depend on several factors including the size and skillsets of the local population as well as the qualifications your business requires. This page will help you answer three important questions.

What are the key workforce indicators?

We have compiled the most important workforce indicators for Cambridge and displayed them as an interactive dashboard.

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Where are the employees that I need?

The map below enables you to dig deeper and analyze the size and location of the local workforce by education, occupation and industry of employment. By selecting the relevant toggles in any of the 3 categories you will notice that the total available workforce changes accordingly. Zooming in and out will allow you to further narrow your analysis by focusing on specific areas and don’t forget to click on the census designated polygons for even more granular data!

How do I use this information?

For your business to be competitive you should seek a location that will provide a qualified and available workforce. To help you do that we’ve provided you with a simple 3 step process.

Step 1 – Assess your needs: The first step is to identify your immediate and future employee needs. How many staff do you need? What skills and experience do they need to have? What education levels should they have? What are you willing to pay employees?

Step 2 – Analyze workforce availability: Next up, you should look at the existing workforce. How many people currently work in your industry? What is the current size of the workforce with the required skills and capabilities? What is the typical wage for the positions you are hiring for? Is there a recognized shortage of qualified people? Are there educational establishments in the area graduating people with the skills your business needs? Is the area attracting new people with the qualifications your business needs?

Step 3 – Gap analysis: The final step is to summarize the gaps between the workforce you need and the workforce availability both now and in the future. Can you find, hire and retain the employees your business needs to be successful? Is this likely to get easier or harder in the future?